GRIMES & Co WEALTH MANAGEMENT LLC Makes New $892,000 Investment in MSCI Inc $MSCI

GRIMES & Co WEALTH MANAGEMENT LLC bought a new position in MSCI Inc (NYSE:MSCI) in the 3rd quarter, Holdings Channel reports. The fund bought 1,657 shares of the technology company’s stock, valued at approximately $892,000.

A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. bought a new stake in MSCI during the second quarter valued at about $3,062,626,000. Bamco Inc. NY bought a new position in shares of MSCI in the second quarter worth about $1,798,710,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of MSCI in the second quarter worth about $480,613,000. Generation Investment Management LLP bought a new stake in MSCI during the 2nd quarter valued at approximately $301,493,000. Finally, Legal & General Group Plc purchased a new position in MSCI in the 2nd quarter worth approximately $257,687,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on MSCI shares. Evercore set a $722.00 price target on MSCI and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. UBS Group set a $615.00 price objective on MSCI in a research note on Wednesday, July 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $655.00 target price on shares of MSCI in a research report on Wednesday, October 21st. BNP Paribas Exane dropped their price objective on shares of MSCI from $570.00 to $550.00 in a research note on Monday, October 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of MSCI from $729.00 to $684.00 in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, MSCI has an average rating of “Moderate Buy” and an average price target of $683.69.

Insider Buying and Selling

In other news, General Counsel Robert Gutowski sold 2,381 shares of the business’s stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $623.66, for a total transaction of $1,484,934.46. Following the transaction, the general counsel owned 14,104 shares of the company’s stock, valued at approximately $8,796,100.64. The trade was a 14.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Andrew Wiechmann sold 450 shares of the company’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $570.00, for a total transaction of $256,500.00. Following the completion of the sale, the chief financial officer directly owned 21,644 shares of the company’s stock, valued at $12,337,080. This represents a 2.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 3.76% of the company’s stock.

MSCI Stock Performance

NYSE:MSCI opened at $674.44 on Thursday. The firm has a 50-day simple moving average of $572.24 and a 200-day simple moving average of $574.41. MSCI Inc has a one year low of $501.08 and a one year high of $677.62. The firm has a market cap of $48.22 billion, a P/E ratio of 35.70, a P/E/G ratio of 2.54 and a beta of 1.20.

MSCI (NYSE:MSCI) last issued its quarterly earnings results on Tuesday, October 20th. The technology company reported $5.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.03 by $0.08. The business had revenue of $892.00 million for the quarter, compared to the consensus estimate of $887.83 million. MSCI had a negative return on equity of 50.69% and a net margin of 40.31%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm posted $4.47 earnings per share. On average, research analysts predict that MSCI Inc will post 19.59 EPS for the current fiscal year.

MSCI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be issued a $2.05 dividend. The ex-dividend date is Friday, November 13th. This represents a $8.20 dividend on an annualized basis and a yield of 1.2%. MSCI’s dividend payout ratio (DPR) is presently 43.41%.

MSCI Company Profile

MSCI Inc (NYSE:MSCI) is a global provider of investment decision-support tools and services for institutional investors, asset managers, banks and other financial institutions. The company is best known for developing equity, fixed-income and multi-asset indexes used to benchmark portfolios and support the creation of investment products such as exchange-traded funds.

In addition to its indexes, MSCI provides portfolio analytics, risk-management and performance-attribution tools, as well as research and data covering environmental, social and governance factors, climate risk and sustainable investing.